Here’s Who Just Picked Up Fifth Street Asset Management Inc. (NASDAQ:FSAM) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fifth Street Asset Management Inc. (NASDAQ:FSAM) reported that Springhouse Capital (master), L.p. has picked up 537,402 of common stock as of 2017-01-18.

The acquisition brings the aggregate amount owned by Springhouse Capital (master), L.p. to a total of 537,402 representing a 8.14% stake in the company.

For those not familiar with the company, Fifth Street Asset Management Inc. is an alternative asset manager. The Company provides asset management services to its investment funds (the Fifth Street Funds or the funds), which consist of Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), both publicly-traded business development companies (together, the BDCs). Its segment provides asset management services to the Fifth Street Funds. The Company conducts all of its operations through its subsidiaries, Fifth Street Management LLC (FSM), Fifth Street CLO Management LLC (CLO Management) and FSCO GP LLC (FSCO GP). The funds, managed by the Company, provide financing solutions to small and mid-sized companies across their capital structures, mainly in connection with investments by private equity sponsors. It provides credit solutions across the capital structure, including one-stop financing, unitranche debt, senior secured debt, mezzanine debt, equity co-investments and venture debt financing.

A glance at Fifth Street Asset Management Inc. (NASDAQ:FSAM)’s key stats reveals a current market capitalization of 47.98 million based on 6.60 million shares outstanding and a price at last close of $7.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-01-15, Mangrove picked up 196,531 at a purchase price of $2.44. This brings their total holding to 696,738  as of the date of the filing.

On the sell side, the most recent transaction saw August unload 5,648 shares at a sale price of $5.28. This brings their total holding to 20,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Fifth Street Asset Management Inc. (NASDAQ:FSAM) as things move forward to see if its progress aligns with these transactions.

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